According to the new market research report Sharps Waste Disposal Solutions - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Sharps Waste Disposal Solutions market size is projected to grow from USD 1443 million in 2023 to USD 2277 million by 2029, at a CAGR of 7.9% during the forecast period.
- Global Sharps Waste Disposal Solutions MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Sharps Waste Disposal Solutions - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Sharps Waste Disposal Solutions Top14Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Sharps Waste Disposal Solutions - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Sharps Waste Disposal Solutions such as Stericycle, Waste Management, etc.
In 2022, the global top 2 Sharps Waste Disposal Solutions players account for 27.8% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Sharps Waste Disposal Solutions.
Market Drivers:
With an increasing focus on healthcare safety and infection control, there is a growing awareness of the potential risks associated with improper sharps disposal. This awareness prompts healthcare facilities to adopt advanced sharps waste disposal solutions to minimize the risks of needlestick injuries and prevent the spread of infections.
The growing number of healthcare facilities, clinics, and laboratories worldwide leads to a higher volume of medical waste, including sharps. This, in turn, drives the demand for effective sharps waste disposal solutions to manage the increased waste output.
Restraint:
Beyond the initial investment, the ongoing operating costs of maintaining and servicing advanced disposal systems can be a factor. This includes costs related to system maintenance, staff training, and compliance with evolving regulations. The financial burden of these ongoing expenses may be a restraint for some healthcare facilities.
Healthcare facilities in certain regions or countries with limited resources may face challenges in adopting expensive sharps waste disposal solutions. Limited budgets, infrastructure, and skilled personnel can hinder the implementation of sophisticated technologies for medical waste management.
Opportunity:
Growing concerns about environmental impact present opportunities for eco-friendly sharps waste disposal solutions. Developing technologies that support recycling, waste-to-energy conversion, or other sustainable practices can appeal to environmentally conscious healthcare facilities.
Collaborations with international organizations and governments to address global health challenges, including infectious diseases, can create opportunities for companies providing sharps waste disposal solutions. Preparedness for pandemics and health emergencies is a key focus area.
About The Authors
Gao Jinjie – the main analyst of this article
Email: gaojinjie@qyresearch.com
Mr. Gao has 3 years of industry research experience and focuses on research in related fields of medical and consumer goods industry chains, including health products, medical services, medical drugs, etc. Some research topics include biomedical research, semiconductor industry, test robots, mechanical equipment, electronic components, etc.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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